Before the Omicron variant of the COVID-19 hit Canada recently, there has been a surge in the number of jobs generated by Canada. In December 2021 itself, specifically in the period between December 5 and 11, 55,000 jobs were added. The increase in the opportunities to work in Canada was arrested only by the spike in the Omicron variant by the end of December 2021.
The number of jobs created in December 2021 is around twice the job positions that were expected by economists. There was a positive situation maintained in the case of the unemployment rate in Canada before Omicron emerged. The unemployment rate stood unchanged at 5.9% which was just a little higher than 5.7% in February 2020.
Full-time jobs increased by 123,000 and part-time jobs decreased by 68,000. The people at work involved in this count were of core working age.
More growth was witnessed in employment in the public sector. The rate of growth in employment in the private sector and self-employment workers was not changed much.
The average working hours increased by 2.7% year over year. There was a fall in the total hours worked since June 2021. It went down by 0.3%.
Even while the performance of the Canadian economy in December 2021 showed the much-needed improvement, the Omicron threat is posing a challenge by dragging back the reviving job market situation in Canada.
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